Accountants Confidence Index — November 2017

With the fall, the Accountants Confidence Index seems to be in a more moderate mode, with a modest decrease in both the short- and the mid-term.

The ACI, published in partnership with ADP, is a monthly economic indicator that leverages the insights of accountants into the strength and prospects of businesses in the U.S. The 3-Month ACI dropped very slightly to 55.58, down a hair from the previous month's 55.66, but still well above the 50 mark that separates expectations of growth from expectations of contraction. The 6-Month ACI, meanwhile, came in at 58.06, down from last month's 59.01.

The index components mostly hovered around last month's levels; the biggest drops were in the short- and long-term expectations for the respondents' own firms.

The ACI is created from a monthly poll of the Accounting Today Executive Research Council, an online community of more than 1,500 tax and accounting professionals.

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Firms, state CPA societies and national accounting organizations are addressing the wave of international outrage and demonstrations sparked by the killing last week of George Floyd, an unarmed African American, by four Minneapolis police officers.